Apparel Market Recovery and Financial Overview

In Q1 2023 energy and NaOH cost came further down but remain elevated vs. 2022 especially in Europe Development of selected energy and NaOH market prices, 2020-Q1/2023 Indexed, Q1 2020 = 100 Energy prices 2,250 2,000 1,750 1,500 1,250 1,000 750 500 250 100 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2020 2021 NOTE: All prices indexed based on reported currency SOURCE: IHS Markit; CCFG; Argus; ICE; NYMEX www.lenzing.com 2022 NaOH prices 500 400 300 200 Natural Gas Europe Coal Indonesia 100 Coal China Natural Gas USA 0 2023 3 May 2023 8 NaOH Europe NaOH Southeast Asia NaOH China Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2020 2022 2021 2023 Lenzing Innovative by nature

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